Morning VC Brief丨2024.10.14

Morning VC Brief is an expert daily curation of tech and venture news. Feel free to forward; the sign-up is here

00. TL;DR

1/ AI Medical Transcribe Startup Abridge raise $250M at $2.5B

2/ AI Biotech Startup Basecamp Research raise $60M Series B

3/ AI Insurance Startup COVU raises $12.5M Series A

4/ AI Collaborator Startup Cove raises $6M Seed Round

5/ 3D GenAI Startup Third Dimension AI raises $6.9M Seed Round

6/ Modern TPA Startup ClaimSorted raises $3M Pre-Seed Round

01. Venture News

1/ AI Medical Transcribe Startup Abridge raise $250M at $2.5B

Abridge uses AI to transcribe doctors’ conversations with their patients. Abridge, which targets large medical systems such as Sutter Health and Kaiser Permanente as clients, was previously valued at $850 million earlier this year. This round was led by IVP, Elad Gil with participation from CapitalG. Link

2/ AI Biotech Startup Basecamp Research raise $60M Series B

Basecamp is exploring new approaches to programmable genetic medicines. This research aims to advance potential treatments for various diseases. This round was led by Singular with participation from S32, True Ventures, redalpine, and more. Link

3/ AI Insurance Startup COVU raises $12.5M Series A

COVU’s mission is to combine cutting-edge AI technology with human support, creating a seamless customer experience that will revolutionize the insurance sector. This round was backed by Benhamou Global Ventures, ManchesterStory, and Markd. Link

4/ AI Collaborator Startup Cove raises $6M Seed Round

Cove is a complete reimagining of how to interact with AI. Cove has access to the latest information from the web, and can do many web searches in parallel—imagine tables that fill themselves with fresh data. This round was led by Sequoia Capital with participation from Elad Gil, Homebrew, Adverb, and more. Link

5/ 3D GenAI Startup Third Dimension AI raises $6.9M Seed Round

Third Dimension AI enables game developers to build 3D game worlds using generative AI. This round was led by Felicis with participation from Abstract Ventures, MVO Ventures, Soma Capital, and more. Link

6/ Modern TPA Startup ClaimSorted raises $3M Pre-Seed Round

ClaimSorted is dedicated to simplifying claims processing for insurers. This round was led by Firstminute Capital with participation from Y Combinator, Precursor Ventures, and Transpose. Link